Mutual funds rode a wave of investor optimism in October, racking up nearly $1.46 billion total net sales, according to data from the Investment Funds Institute of Canada. That’s a massive increase from September’s $252.2 million, and October 2009’s $82.6 million. Industry assets under management climbed $11.3 billion to $615.9 billion, a gain of 1.9% […]
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Dale Richard Wells engaged in business conduct unbecoming or detrimental to the public interest when he acted in the role of an advisor without being registered as one. The panel’s full Reasons for Decision are available on the IIROC website. […]
John Taft, CEO of RBC Wealth Management (U.S.), has been named 2011 chair of the Securities Industry and Financial Markets Association (SIFMA), a securities industry trade group representing securities firms, banks and asset management companies in the U.S. Taft’s appointment follows his role as 2010 chair-elect of SIFMA. During his tenure as SIFMA chair, Taft […]
Canadians are coming to grips with the notion that their original retirement plan might not work out as they expected, according to a survey by AXA. The 2010 edition of the Retirement Scope survey found an increasing number of Canadians now believe they will have to work later into life than they had planned. On […]
Your client just finished his or her last day of work and tomorrow begins the new adventure of planning out the retirement years. He or she is now thinking about winter vacations, golf-course memberships, summer trips with grandchildren and possibly even a winter home down south.
In September, members of the Institute of Advanced Financial Planning met in Banff, Alberta to consider its annual case study. This year’s case study involved a client everyone could identify with.
Looking to shelter your client’s investment income? If so, you have plenty of options these days.
Hockey season has started, and for now, my wife and I are still just observers. But with three boys under the age of six, future fall seasons promise to be much more hectic — and costly!
Retirement may be the new 40, some advertisers suggest: Retirees are only as old as they feel, and the world is their oyster. That may well be true, but their savings accounts don’t have the same elasticity as they did at 40. There are wrinkles — some deeply etched ones, in fact. After all, at […]
We spend so much time in the accumulation phase of our lives and careers that sometimes it can be hard to make the switch over to a new way of thinking that goes along with major life changes like the transition to retirement. At this stage of life, though, it’s more important than ever to […]